Stockport FT in surplus despite underlying debts of £1.5m

FINANCE: Stockport FT had a surplus of £251,000 at the end of June, £29,000 ahead of its planned surplus, but reported an underlying deficit of nearly £1.5m.

The trust’s latest finance report shows the trust was able to achieve a surplus due to “non recurrent benefits from the 2011-12 income position and the release of deferred income” despite an underlying deficit of £1,468,000.

The underlying deficit is down to a shortfall in the trust’s cost savings plans, costs related to achieving A&E targets and high staffing costs on the wards, says the report.